Shares in Sandfire Resources hit an all-time high as it benefited from a surging copper price and positive assay results from drilling at its recently signed exploration joint venture with Auris Minerals.
Strong profitability and low debt across the big end of the mining sector has not translated into increased capital spending on new mines, suggesting commodity prices could remain elevated for some time (reports The Australian Financial Review).
Plus, Centaurus Metals’ new nickel-cobalt discovery in Brazil gives it a big leg-up in the booming battery metals sector
Conferences can be memorable for any number of reasons. And so it was this week at the Resources Rising Stars conference on the Gold Coast.
The conference kicked off on Monday night with poolside drinks at the Royal Pines, the highlight of which was the almost mystical appearance from the darkness of two zorb water balls with encased gymnastic type dancers decked out in body hugging strings of coloured LED lights.